Dr Angela Cummine explores Qatar's Sovereign Wealth Fund dilemma

Angela Cummine has been interviewed for Qatar Today (7 June) to discuss the implications for Gulf Cooperation States, particular Qatar, of the recent slump in oil prices, and particularly whether they need to liquidate their Sovereign Wealth Fund investments in order to pay for the running of their countries.

She told Qatar Today that “in the first half of 2015, Saudi Arabia, the world’s largest oil exporter, is estimated to have pulled out between $50-70 billion from various asset managers in response to around $73 billion being wiped off its foreign reserve assets since the oil price slide started. A large chunk of those assets has been redirected back into the budget to help cover the country’s enormous public expenditure commitments, the highest in the Gulf region.”

You can find out more by clicking here: http://www.qatartodayonline.com/at-the-crossroads/